Course Description
This course emphasized the use of Insight.xla add-in for performing uncertainty analysis using Monte Carlo methods in Excel. The basic principles of uncertainty are introduced using pre-worked out examples on Excel. Each participant receives a copy of Dr. Savage's INSIGHT Business Analysis Tools for Microsoft Excel, which includes add-ins for performing Monte Carlo simulation, forecasting, decision trees, Markov chains, and several important classes of optimization. (1-day - Savage - In Cooperation with Analycorp)

Instructor
After receiving his Ph.D. in computer science from Yale University, Savage spent a year at General Motors Research Laboratory. He joined the faculty of the University of Chicago Graduate School of Business in 1974 where he taught regular classes until 1990 and then developed the Beyond What If seminar series. In 1985 he led the development of a software package that couples linear programming to Lotus 1-2-3. This popular package, called What'sBest!, won PC Magazine's Technical Excellence Award. In its 1992 review of his work, OR/MS Today stated that "Savage is on the forefront of a movement that is about to change how management science is being taught." Dr. Savage is currently Director of the Industrial Affiliates Program in the Department of Engineering Economic Systems and Operations Research at Stanford University. He consults and lectures extensively to industry and government agencies and is the founder and President of AnalyCorp Inc., a firm that develops executive education programs and software for improving business analysis. Dr. Savage's web page is www-leland.edu/~savage

Enroll in this course at Professional Education International